Equities analysts forecast that Viavi Solutions Inc (NASDAQ:VIAV) will announce sales of $282.35 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Viavi Solutions’ earnings. The highest sales estimate is $287.79 million and the lowest is $280.50 million. Viavi Solutions reported sales of $201.80 million during the same quarter last year, which indicates a positive year over year growth rate of 39.9%. The company is scheduled to report its next quarterly earnings results on Thursday, February 7th.
On average, analysts expect that Viavi Solutions will report full-year sales of $1.08 billion for the current financial year, with estimates ranging from $1.07 billion to $1.09 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.14 billion, with estimates ranging from $1.10 billion to $1.20 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Viavi Solutions.
Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, November 1st. The communications equipment provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $268.50 million during the quarter, compared to analyst estimates of $268.73 million. Viavi Solutions had a negative net margin of 5.92% and a positive return on equity of 12.72%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share.
In other Viavi Solutions news, Director Keith Barnes sold 11,074 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $9.73, for a total value of $107,750.02. Following the transaction, the director now owns 98,471 shares in the company, valued at approximately $958,122.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Gary W. Staley sold 5,185 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $11.22, for a total transaction of $58,175.70. Following the completion of the transaction, the senior vice president now owns 7,670 shares in the company, valued at approximately $86,057.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,253 shares of company stock worth $1,472,556. Company insiders own 0.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its stake in Viavi Solutions by 6.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,513,323 shares of the communications equipment provider’s stock valued at $15,497,000 after buying an additional 91,505 shares during the period. Dorsal Capital Management LLC increased its stake in shares of Viavi Solutions by 31.9% during the 2nd quarter. Dorsal Capital Management LLC now owns 4,750,000 shares of the communications equipment provider’s stock worth $48,640,000 after purchasing an additional 1,150,000 shares during the last quarter. United Services Automobile Association increased its stake in shares of Viavi Solutions by 56.5% during the 2nd quarter. United Services Automobile Association now owns 295,293 shares of the communications equipment provider’s stock worth $3,024,000 after purchasing an additional 106,600 shares during the last quarter. Northern Trust Corp increased its stake in shares of Viavi Solutions by 1.3% during the 2nd quarter. Northern Trust Corp now owns 2,907,009 shares of the communications equipment provider’s stock worth $29,768,000 after purchasing an additional 36,714 shares during the last quarter. Finally, Granite Point Capital Management L.P. increased its stake in shares of Viavi Solutions by 24.5% during the 3rd quarter. Granite Point Capital Management L.P. now owns 88,400 shares of the communications equipment provider’s stock worth $1,002,000 after purchasing an additional 17,400 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.
Shares of NASDAQ:VIAV traded down $0.36 during mid-day trading on Wednesday, hitting $10.30. The stock had a trading volume of 3,517,411 shares, compared to its average volume of 2,194,197. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.18 and a current ratio of 2.39. The company has a market cap of $2.43 billion, a PE ratio of 30.29 and a beta of 0.88. Viavi Solutions has a 12-month low of $8.49 and a 12-month high of $12.82.
Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.
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